President Bush signs housing bill

Thursday, July 31st, 2008

President Bush signed the long awaiting housing bill on wednesday which is designed to help some 400,000 struggling homeowners avoid foreclosure. Reuters states this rescue package is aimed at resurrecting the housing market from its worst slump since the Great Depression and stabilizing the two largest mortgage finance companies. The ...

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Impact of high gas prices and foreclosures on American suburbs

Tuesday, July 29th, 2008

According to usatoday.com soaring energy costs and the foreclosure epidemic have jolted many Americans into realizing that their lifestyles are at risk. For many, ever-lengthening commutes in the search for affordable homes no longer make financial sense. In Maricopa and elsewhere, a movement is underway to transform suburbs from bedroom communities ...

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Housing Relief Bill

Monday, July 28th, 2008

According to Nytimes.com the legislation of the housing relief bill is the latest in a series of extraordinary interventions this year by the Bush administration, Congress and the Federal Reserve as they seek to limit shockwaves in the housing sector from rippling across the American economy and the world financial ...

Posted in Housing Bill | 121 Comments »